0

Shopping cart

UGL secures $110 million contract with Hazelwood Power

Sydney Harbour Bridge - Stock Photo. Actual photo coming soon.
Share on linkedin
Share on facebook
Share on twitter
Share on email

UGL Limited (ASX: UGL) today announced that it has been awarded a new three year contract by GDF SUEZ Hazelwood Power Partnership (“Hazelwood Power”). The contract has a total value of approximately $110 million. Two one-year options have the potential to extend the contract up to a maximum of five years.

As the lead contractor, UGL will perform outage planning and full execution of major outage maintenance works on boilers, turbines and generators at the Hazelwood power station. The Hazelwood power station is a 1,600MW brown coal fired power station located 150km east of Melbourne. Hazelwood was completed in 1971 and supplies up to 25 per cent of Victoria’s energy requirements and more than five per cent of Australia’s total energy demand.

UGL’s Managing Director and CEO, Richard Leupen said: “Securing this contract reflects UGL’s position as a leading maintenance service provider in Australasia and further strengthens our broad base of recurring revenue streams. The contract is a significant win for our Power business demonstrating UGL’s proven ability as an outage contractor and our ability to service clients by delivering innovative solutions in critical public infrastructure at any point across our end-to-end delivery model.”

Share on linkedin
Share on facebook
Share on twitter
Share on email

Subscribe

The Australian Business Executive (The ABE) provides an in-depth view of business and economic development issues taking place across the country. Featuring interviews with top executives, government policy makers and prominent industry bodies The ABE examines the news beyond the headlines to uncover the drivers of local, state, and national affairs.

All copy appearing in The Australian Business Executive is copyrighted. Reproduction in whole or part is not permitted without written permission. Any financial advice published in The Australian Business Executive or on TheABE.com.au has been prepared without taking in to account the objectives, financial situation or needs of any reader. Neither The Australian Business Executive nor the publisher nor any of its employees hold any responsibility for any losses and or injury incurred (if any) by acting on information provided in this magazine. All opinions expressed are held solely by the contributors and are not endorsed by The Australian Business Executive or TheABE.com.au.

All reasonable care is taken to ensure truth and accuracy, but neither the editor nor the publisher can be held responsible for errors or omissions in articles, advertising, photographs or illustrations. Unsolicited manuscripts are welcome but cannot be returned without a stamped, self-addressed envelope. The publisher is not responsible for material submitted for consideration. The ABE is published by Romulus Rising Pty Ltd, ABN: 77 601 723 111.

© 2019 - The Australian Business Executive. All rights reserved.